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Tapestry and Capri Holdings defend merger plans after FTC bombshell

Tapestry and Capri Holdings defend merger plans after FTC bombshell

​After news that the FTC in the US wants to block Tapestry’s takeover of Capri Holdings on competition grounds, both companies have issued statements defending their plans.
Luxury
Bucherer fetes latest collection inspired by Manhattan

Bucherer fetes latest collection inspired by Manhattan

The jewelry brand adjacent to watch parent company Tourneau leaned into its experiential side to celebrate the collection, which took cues from the Big Apple skyline.
Luxury
US FTC sues to block $8.5 billion takeover of Capri by Tapestry

US FTC sues to block $8.5 billion takeover of Capri by Tapestry

The U.S. Federal Trade Commission on Monday sued to block Tapestry's $8.5 billion deal to buy Capri saying it would eliminate "direct head-to-head competition" between the brands of the two luxury handbag makers.
Luxury
Billionaire Pinaults fight to pull Gucci off the discount rack

Billionaire Pinaults fight to pull Gucci off the discount rack

On a recent Friday afternoon, shoppers at a Gucci boutique waded through heaps of heavily discounted, past-season merchandise: Yellow pumps, furry slippers, flamboyant jackets and bright green clutches. 
Luxury
Central's search for new Selfridges partner goes on, reportedly in talks with possible buyers

Central's search for new Selfridges partner goes on, reportedly in talks with possible buyers

​Middle Eastern and Chinese investors are reportedly eyeing a Selfridges stake as Thailand-based Central Group continues to seek an owner-partner to replace failed co-owner Signa.
Fashion
Valentino Chairman bets quiet luxury is over after Michele hire

Valentino Chairman bets quiet luxury is over after Michele hire

The fashion industry’s era of so-called quiet luxury is over and affluent consumers will want bold designs again, the chairman of Valentino has predicted.
Luxury
Venice Biennale 2024: Between luxury and conflict

Venice Biennale 2024: Between luxury and conflict

Chaos, conflict and the claustrophobia of consumer culture were at the heart of this year’s Venice Biennale, which ironically has rarely seen an opening week more crammed with activations by fashion and luxury brands.
Luxury
Cernucci travels north for brief Manchester pop-up

Cernucci travels north for brief Manchester pop-up

UK urban jewellery brand Cernucci is to open its second pop-up store. Following the success of its debut London temporary store at the tail end of 2023, the brand’s heading to Manchester.
Fashion
UK consumers' sustainability score drops - ESW report

UK consumers' sustainability score drops - ESW report

The UK consumers’ crown for being among the leaders in sustainability values is slipping. They’re less sustainably minded than they were just a year ago, according to a new ‘Global Voices’ survey from digital firm ESW.
Fashion
News analysis: could troubled Dr Martens be taken over as potential buyers circle?

News analysis: could troubled Dr Martens be taken over as potential buyers circle?

​Dr Martens is heavily focused on its recovery, but that turnaround may not happen under its current ownership structure with a report saying it’s being eyed for a takeover by a number of major non-UK firms.
Fashion
TikTok announces Preowned Luxury category, UK's 'big 5' resellers sign up

TikTok announces Preowned Luxury category, UK's 'big 5' resellers sign up

​TikTok Shop has just launched a Preowned Luxury category in the UK and US, which it said will “enable the community to browse and purchase authentic luxury fashion without ever having to leave TikTok”.
Fashion
Alexander McQueen: Gaelle Collet appointed brand and communications director

Alexander McQueen: Gaelle Collet appointed brand and communications director

Kering's British label has appointed Gaelle Collet, who has worked for Chanel, Dior, Saint Laurent and Celine, among others, as head of brand and communications.
Luxury
Armani "doesn’t rule out" merger or IPO in succession plan

Armani "doesn’t rule out" merger or IPO in succession plan

Three months before his 90th birthday, Giorgio Armani is hinting at possible big changes for his Italian fashion empire once he’s no longer in charge. 
Luxury
UK consumer confidence may keep rising but spending concerns remain - Deloitte

UK consumer confidence may keep rising but spending concerns remain - Deloitte

UK consumer confidence isn’t just on the up again, it’s reached a new two-year high as personal finances improve, especially among 25-34 year-olds. But that isn’t necessarily feeding through to spending habits.
Fashion
Sojo launches Pledge to Repair at Institute of Positive Fashion Forum

Sojo launches Pledge to Repair at Institute of Positive Fashion Forum

​The BFC’s 2024 Institute of Positive Fashion Forum has wrapped up with the big news being a call from Sojo for the UK fashion industry and its customers “to get behind Care & Repair in a bid to reduce textile waste”.
Fashion
Research highlights fashion waste ahead of eBay Live launch in UK

Research highlights fashion waste ahead of eBay Live launch in UK

​Following its move to axe individual seller fees on fashion, eBay UK has come up with some interesting statistics about UK consumers’ fashion usage and they highlight a huge amount of waste in the sector.
Fashion